ACC on track to self-fund by 2019, setting up significant levy reductions in future

Thu, 14 Feb 2013

By Paul McBeth Feb. 14 (BusinessDesk) - Accident Compensation Corp, whose board and executives were purged last year in the fallout of major privacy breaches, is on track to fully-fund its accident coverage, paving the way for significant and long-term cuts in future levies. Chair Paula Rebstock told Parliament's transport and industrial relations committee the state-owned insurer is "very much on track" to full funding in six years, which could give ACC room to deliver cheaper levies. "That sets us up really for an overall situation where...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Listed Companies
DAN BRUNSKILL: Serko has nothing but time
Dan Brunskill | Tue, 22 Sep 2020

How does a travel software firm crack the top 50 stocks when international borders are closed?

Property
JENNY RUTH: Aged-care sector in danger of valuer capture
Jenny Ruth | Tue, 22 Sep 2020

CBRE director Michael Gunn and his team of valuers have built a formidable reputation within the retirement village and aged care sector.

Markets
MARKET CLOSE: Profit taking pulls shares down
Dan Brunskill | Mon, 21 Sep 2020

Profit taking pushed New Zealand’s benchmark stock index more than 500 points below its record as investors found few reasons to buy with a global recession in progress.    The S&P/NZX 50 Index fell 94.42 points, or 0.8 percent, to 11,539.10. Within the index, 34 stocks fell, 11...

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.